Ribbon Communications Reports Q4 Net Income of $6.4 Million
PLANO, Texas, April 7, 2023 (GLOBE NEWSWIRE) -- Ribbon Communications Inc. (RBBN) today announced net income of $6.4 million for its fourth quarter, driven by strong demand for its technology solutions.
Financial Highlights:
* Net income: $6.4 million
* Earnings per share (EPS): $0.04
* Adjusted EPS: $0.16
* Revenue: $251.4 million
Operational Highlights:
* Continued growth in demand for Ribbon's cloud-based communication platforms
* Expansion of partnerships with major telecom providers
* Successful launch of new software-defined networking (SDN) solutions
Outlook:
* For the current quarter ending in March, Ribbon Communications expects revenue in the range of $185 million to $195 million.
* For the full year, the company anticipates revenue in the range of $870 million to $890 million.
Ribbon Communications remains committed to providing innovative technology solutions that enable service providers to deliver exceptional communication experiences.